Home Care Stats You Need To Know Part 2: Recruitment

Continued...RECRUITMENT

Home Care Stats You NEED To Know: Part 2

Last week, we talked marketing but today's topic I know you want to hear because it is all about recruitment, but there is a catch...

This video is incomplete without part 3, but it is a must to hear!

P.S. Did you hear about the upcoming Home Care Social Media Workshop? Learn More Here

 

In one of our previous posts, Home Care Stats You Need To Know Part 1: Marketing, we’ve discussed some great information on how to make decisions for your business to get better results.

So, here’s Part 2 of the interesting stats from Home Care Pulse Benchmarking study. Let’s get started.

In this industry, you might be wondering if you need more caregivers.

Of course you do!

But in order to do that, you need to understand first where  they're coming from.

From the newest Home Care Pulse Benchmarking Report, we can find incredible stats specifically about recruiting.

It’s important to keep in mind that...

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Home Care Stats You Need To Know Part 1: Marketing

Home Care Stats You NEED To Know...

I've been studying the recent Home Care Pulse Benchmarking study and there were a few graphs that really stood out to me. Over the next 3 weeks we're going to break them down starting with one focused on marketing.

Let's dive in!

P.S. Did you hear about the upcoming Home Care Social Media Workshop?

Click Here To Learn More

Do you want to make better decision in your business?

Then you gotta know the numbers and so I am so excited that I just got the 13th Annual Edition of the Home Care Pulse Benchmarking study and there's so many incredible stats in here.

And over the next three weeks I'm gonna be diving into three specific graphs that we're going to go over to help you to make better decisions in your business so that you can create better results.

Part 1: Marketing

 

Photo from page 28.

So if you have it, you can pull it up on the benchmarking study. But what I really want to go over is each part of these sections and understanding...

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What To Look For When Buying A Home Care Business With Special Guest Jen Ramos

What to look for...

Regardless if you're buying or selling it is essential you know the key elements to analyze in the process.

On todays' episode, we conclude our 4 part series with the incredible Jen Ramos from JR3 Consulting Group.

Are you looking to buy a home care business? If yes, then you need to listen to our incredible guest Jen Ramos, who does this every day, in and out, helping owners and entrepreneurs like yourself to buy and sell home care businesses.

What should you look for when looking to buy a home care business?

So when you're looking to buy, it's interesting too, because this is kind of twofold for a seller's point of view.

1. The Financials

When you're looking to buy a home care business out of the gates, the first barrier to entry, to even see if this business is even viable for you are the financials and making sure that they're clean financials and what I mean by clean is all the financial statements are very easily read.

You can see what the...

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First Steps To Take When Selling Your Home Care Business With Special Guest Jen Ramos

What's next?

Over the last 2 weeks, Home Care Exit Strategy expert Jen Ramos, shared key tips and strategies when thinking and preparing to sell your home care business. Today, she discusses the first steps you should take.

Check it out!

Thinking about selling your home care business? You should be. But there are some things that you need to know. In today's episode, I have special expert Jen Ramos to talk about the first steps when selling your home care business.

What what are the first steps to take when selling your home care business?

A lot of business owners have no clue what the first step is. The first thing is NOT go out and talk to another business owner or go out and try to find a broker.

Not yet.

The first step is really to dig deep on what your next plan is and having a game plan post sale. If you were to sell your business, you really want to know what the next steps are because it is a very emotional process for 99.9% business owners out there.

It's a labor of...

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Biggest Misconception When Trying To Sell Your Home Care Business With Special Guest Jen Ramos

It's not what you think. When looking to sell their home care businesses, many make this misconception. Hear from Home Care Exit Planning Expert, Jen Ramos, from JR3 Consulting Group.

Are you looking to sell your business? You should be, whether or not you're just getting started or if you've been in business for years. But there's one issue that comes up all the time. A common misconception that expert Jen Ramos is here to share...

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What is the biggest misconception when trying to sell your Home Care business?

The biggest misconception is by far that owners feel their business is worth way more than what's actually involved when you value a business and what it is worth from an acquirer's point of view.

A lot of business owners will think that their business is worth equal to their revenue they're bringing in, but they don't realize there's so many other factors that go into pricing a business from an acquirer's lens. The biggest advice I can give on that is really...

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When Should You Sell Your Home Care Business With Special Guest Jen Ramos

Now is the time...  

Whether you have been in business for years or just getting started, it is essential to know when to sell your home care business. On today's episode we welcome special guest Jen Ramos, Licensed Business Broker and an experienced Certified Exit Planning Advisor, from JR3 Consulting Group.

Check it out!

Think with the end in mind. If you're a home care business owner, then an important question you need to be asking yourself is when to sell your home care business.

Well, lucky for you, I have brought on my good friend Jen Ramos, who is an expert at buying and selling home care businesses. Today we're answering that question. Let's dive in.

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When Is The Best Time To Sell?

The best time to sell your home care business would be when you are at your peak of your business. It sounds a little counter intuitive, but when an owner is really doing the best that they are doing in their business, thats the time to sell.

Your sales are super high, your...

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The #1 Fundamental Principle To Grow Your Home Care Business: Part 1 With The Home Care Guyz

 

Question: 

What do you do to go through to help home health care providers actually thrive in this digital age?

 

Answer:

As you know, the world is changing, and having your foot in the digital world is crucial is not a nice to have anymore. It's absolutely essential. If COVID taught us anything, it became even more relevant to have a strong digital presence. 

Business, every business that exists that's out there, the key fundamental piece is about building relationships.

It doesn't matter what business you're in, whether you're an accountant, you work at a bank - it's all business relationships. That fact had stood the test of time and will continue to play a huge role in business. 

When it comes to social media and really helping my clients it is about how are we leveraging that to create more powerful connections to get people to know who we are so they can know us, like us and trust us, because at the end of the day, that's who we want to do...

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How To Encourage Long-Term Caregiver Retention: Home Care Heroes Podcast With Ankota Part 4

It is one thing to attract and hire caregivers, but retaining them is just as important. Today, we're talking about how to encourage long term retention.

Be prepared to learn some actionable step that you can start doing right away that doesn't require a lot of time or effort.  

FREE Training: Social Media Success - Click Here

Featured: Home Care Heroes Podcast With Ken Accardi, CEO of Ankota

Question:

How do you make yourself differentiated to retain caregivers?

Answer:

There's a lot of different elements to how we're retaining these caregivers once we've got them.

It is really about understanding what it is that they want. One of those thing being consistent hours. Therefore it's essential that's something that we're going to work on delivering for them. A lot of times they want to just want to feel more appreciated on what they're doing and there's other ways to incentivize caregivers for loyalty by sticking around.

 

Reward...

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Attract Clients & Caregivers With Better Messaging: Home Care Heroes Podcast With Ankota Part 3

The key to attracting clients and caregivers is through proper messaging. Failure to understand your audience results in poor marketing and little-to-no results. Use these steps to get more from your job postings, social posts, videos, emails and more! 

FREE Training: Social Media Success - Click Here

Featured: Home Care Heroes Podcast With Ken Accardi, CEO of Ankota

Question:

"I love the fact that when we were talking before we started recording here that you really impressed upon me and you want to impress upon the audience that this is not just about attracting clients for your agency. It's really about attracting caregivers as much as clients.

What do you want to do in terms of messaging to target both audiences?"

Answer:

You know, it's one of those things and this is a fundamental piece in all marketing when we think about our audience.

That's what really matters, is thinking about them and less about what we're doing for them.

So, in other words,...

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Get Better Results Online: Home Care Heroes Podcast With Ankota Part 2

You could be losing business and not even know it. Is your website and social filled with stock photos?

That is a problem! Here is a quick an easy way to get better results from your website...

 

FREE Training: Social Media Success - Click Here

Featured: Home Care Heroes Podcast With Ken Accardi, CEO of Ankota

Question:

What should agencies share on social to differentiate themselves?

 

Answer:

Start With Why

Read the book "Start with Why" by Simon Sinek! I talk about it all the time because I think it's such a powerful book in really understanding that that people. 

In the book he says "people don't buy what you do; they buy why you do it."

People do business with who they know, they like and they trust. They want to get behind brands. Your community and audience want to get behind a "why" and this is a powerful tool for caregiver recruitment and retention as well!

What Is Your Why?

I joined the home care industry in 2014 and...

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